UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, DC 20549

                                  10-QSB

                Quarterly Report Pursuant to Section 13 or 15(d)
                    of the Securities Exchange Act of 1934


FOR QUARTER ENDED  January 31, 2005  COMMISSION FILE NO. 000-08512
                   ----------------                      ---------

                         MONARCH SERVICES, INC.
------------------------------------------------------------------
 (Exact name of small business issuer as specified in its charter)


          Maryland                         52-1073628
---------------------------------  ------------------------------
(State or other jurisdiction of  (IRS Employer Identification No.)
        incorporation)


     4517 Harford Road, Baltimore, Maryland               21214
------------------------------------------------       ----------
    (Address of principal executive offices)           (Zip Code)


Issuer's telephone number, including area code       410-254-9200
                                                     ------------
                              Not applicable
-------------------------------------------------------------------------
Former name, former address and former fiscal year, if changed since last
report.

Check whether the issuer (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
past 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements
for the past 90 days.
                              YES [ X ]      NO [   ]

As of January 31, 2005, the number of shares outstanding of the issuer's
common stock was 1,619,620 shares.

Transitional Small Business Issue Format (check one):

                              YES [   ]      NO [ X ]
















<TABLE>
PART I.      FINANCIAL INFORMATION

ITEM I.  FINANCIAL STATEMENTS

         MONARCH SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF FINANCIAL CONDITION (UNAUDITED)
<CAPTION>
                                                   January 31, 2005
                                                  ------------------
                                                     (000's Omitted)
<S>                                                  <C>
ASSETS

CURRENT ASSETS

  Cash and cash equivalents                          $  201
  Accounts receivable, net                              218
  Marketable securities available
      for sale                                           39
  Inventory                                              43
  Prepaid publishing expenses                           282
  Other prepaid expenses                                 53
  Other current assets                                   16
                                                      -----
           TOTAL CURRENT ASSETS                         852

Certificates of Deposit                               1,216

PROPERTY AND EQUIPMENT
   Machinery, equipment, furniture and fixtures         779
   Leasehold improvements                               324
   Restaurant buildings and improvements              2,454
                                                      -----
                                                      3,557
   Less accumulated depreciation                       (769)
                                                      -----
                                                      2,788
   Land                                                 321
                                                      -----
           TOTAL PROPERTY AND EQUIPMENT - NET         3,109
                                                      -----
   Trademarks - net                                       7
   Liquor license                                       200
                                                      -----
             TOTAL ASSETS                            $5,384
                                                      -----
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
   Accounts payable                                  $  312
   Accrued expenses                                      88
   Deferred subscription revenue (current)            1,021
   Catering advance payments                             17
   Deferred gift card revenue                            42
                                                     ------
           TOTAL CURRENT LIABILITIES                  1,480

Deferred subscription revenue (non-current)             682
                                                     ------
           TOTAL LIABILITIES                          2,162


STOCKHOLDERS' EQUITY
   Common Stock - par value $.001 per share:
      Authorized - 10,000,000 shares;
      shares outstanding 1,619,620                        2
   Capital surplus                                    3,781
   Retained earnings                                   (558)
   Accumulated other comprehensive income                (3)
                                                     ------
             TOTAL STOCKHOLDERS' EQUITY               3,222
                                                      -----
   TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY        $5,384
                                                      -----
<FN>
<F1>
See notes to Consolidated Financial Statements.
</FN>
</TABLE>
<PAGE>
<TABLE>

                     MONARCH SERVICES, INC. AND SUBSIDIARY
                CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
<CAPTION>
                                        Three Months Ended     Nine Months Ended
                                           January 31,            January 31,
                                        ------------------     -----------------

                                         2005       2004       2005       2004
                                         ----       ----       ----       ----

                                          (000's omitted, except per share data)

<S>                                    <C>       <C>          <C>       <C>
Net Sales - publishing                 $  849    $   761      $ 2,979   $ 2,780
Net Sales - restaurant                    360        516        1,181       695
                                       -------------------    ------------------
                                        1,209      1,277        4,160     3,475

Cost of goods sold - publishing           678        606        2,305     2,264
Cost of goods sold - restaurant           429        516        1,343       775
                                       -------------------    ------------------
                                        1,107      1,122        3,648     3,039
                                       -------------------    ------------------
Gross profit (loss) from continuing
   operations                             102        155          512       436
                                       -------------------    ------------------
Selling, general and
   administrative expenses                335        357        1,098     1,137
                                       -------------------    ------------------
Loss before other income
   and income taxes                      (233)      (202)        (586)     (701)

Other income:
   Investment and interest income          14         23           46        72
   Other                                    0          0            0         1
                                       -------------------    ------------------
                                           14         23           46        73
                                       -------------------    ------------------
Loss from continuing operations
   before income tax                     (219)      (179)        (540)     (628)

Income tax expense (benefit)                0          0            0         0
                                       -------------------    ------------------
Net loss from
   continuing operations                 (219)      (179)        (540)     (628)
                                       -------------------    ------------------
Discontinued Operations:
   Operating loss from "Adam Leaf and
     Bean" (net of income tax
     of $0 and $0) for the quarters
     ended January 31, 2005 and 2004,
     respectively and (net of income
     tax of $0 and $0) for the nine
     months ended January 31, 2005
     and 2004, respectively                 0          7         (103)      (22)

   Loss on disposal of assets
     from "Adam Leaf and Bean" (net
     of income tax of $0 and $0) for
     the quarter and the nine months
     ended January 31, 2005 and 2004
     respectively                           0          0          (56)        0

                                      --------------------     -----------------
Loss from discontinued operations           0          7         (159)      (22)
                                      --------------------     -----------------
Net loss                              $  (219)    $ (172)       $(699)  $  (650)

Net loss per common share
   basic and diluted:

Loss from continuing operations
   per share                          $ (0.14)     (0.11)       (0.33)    (0.39)

Loss from discontinued operations        0.00       0.00        (0.10)    (0.01)
                                      -------------------     ------------------
Net loss per common share -
   basic and diluted                  $ (0.14)     (0.11)       (0.43)    (0.40)
                                      -------------------     ------------------
Weighted average number of
     shares outstanding - basic       1,619,620 1,619,620    1,619,620 1,619,620
                                      --------------------   -------------------
Weighted average number of shares
     outstanding - diluted            1,619,620 1,619,620    1,619,620 1,619,620
                                      --------------------   -------------------

<FN>
<F1>
See Notes to Consolidated Financial Statements.
</FN>
</TABLE>
<PAGE>
<TABLE>

               MONARCH SERVICES, INC. AND SUBSIDIARY
          CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
<CAPTION>
                                                     Nine Months Ended
                                                        January 31,
                                                     -----------------
                                                     2005         2004
                                                     ----         ----
                                      (000's Omitted, except per share date)

<S>                                              <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss                                         $   (699)     $  (650)
  Adjustments to reconcile net loss                ------       ------
  to net cash used by operating
  activities:
     Depreciation and amortization                    108           80
     Deferred income taxes                              0            0
     Increase/decrease in operating
       assets and liabilities:
          Accounts receivable, income
          taxes receivable, inventory,
          prepaid expenses, accounts
          payable, accrued expenses
          and deferred subscription
          revenue                                     154          351
                                                   ------       ------
Total cash used by operating activities              (437)        (219)
                                                   ------       ------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchases of property and equipment,
     intangible assets and improvements                (2)        (550)
  Proceeds from sales of assets                         0            2
  Maturity/redemption of certificates
     of deposit                                       485          629
                                                   ------       ------
    Total cash provided by
      investing activities                            483           81
                                                   ------       ------
NET INCREASE (DECREASE)IN CASH AND CASH
    EQUIVALENTS                                        46         (138)

CASH AND CASH EQUIVALENTS
  BEGINNING OF PERIOD                                 155          524
                                                   ------       ------
CASH AND CASH EQUIVALENTS
  END OF PERIOD                                   $   201      $   386
                                                   ======       ======
<FN>
<F1>
See Notes to Consolidated Financial Statements.
</FN>
</TABLE>

                MONARCH SERVICES, INC. AND SUBSIDIARY
         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)


NOTE A - BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements include Monarch
Services, Inc., "Monarch" and its wholly-owned active subsidiaries, Girls'
Life, Inc., Peerce's Plantation, LLC and the discontinued operations of Adam
Leaf and Bean, Inc. (collectively referred to herein as the "Company"). The
unaudited consolidated financial statements have been prepared in accordance
with the instructions to Form 10-QSB and do not include all of the information
and disclosures required by accounting principles generally accepted in the
United States of America for complete financial statements. Certain
reclassifications have been made to amounts previously reported to conform
with the current classifications. In the opinion of management, all adjustments
(consisting of normal recurring accruals) considered necessary for a fair
presentation have been included. All material intercompany balances between
Monarch and its subsidiaries have been eliminated in consolidation.  Operating
results for the three months ending January 31, 2005 and the nine months ending
January 31, 2005 is not necessarily indicative of the results that may be
expected for the fiscal year ending April 30, 2005.  There has been no
significant change to the Company's accounting policies as disclosed in
the annual report.  For further information, reference should be made to
the financial statements and notes included in the Company's annual report
on Form 10-KSB for the fiscal year ended April 30, 2004.

Girls' Life magazine subscriptions are sold through traditional sources
such as direct-mail solicitation, insert cards and subscription agents.
The magazine is also sold on newsstands and subscriptions can be obtained
or renewed through the Internet on the Girls' Life website www.girlslife.com.
Newsstand copies are distributed nationally and internationally by our
distribution agent.

The subscription price of a one year Girls' Life subscription is between
$14.95 and $17.85, however the amount realized by the Company is a small
portion of this amount if a subscription service is used.  The suggested
newsstand price of a single issue of Girls' Life in the United States is
$3.50.

Magazines mailed to the individual subscriber or to our newsstand distributor
are not returned to us.  If a subscriber cancels a subscription, the
subscriber is reimbursed for the balance of unshipped magazines for the
subscription period on a pro-rated basis.  Magazines shipped to the newsstand
distributor which are not sold on the newsstand are destroyed by the newsstand
distributor and not returned to us.

The average number of magazines distributed for four issues during the
first nine months of fiscal 2005 is set forth in the following table.

Distribution Channel           Number of Magazines Distributed
--------------------           -------------------------------

         Newsstand Sales                         67,000

         Subscription Sales                     277,000
                                               ---------
            Total Paid Circulation              344,000


         Complimentary Copies                     1,000



The following table sets forth the average number of subscriptions sold in
the domestic and international markets for four issues during the nine
months of fiscal 2005.

Geographic Distribution               Number of Subscriptions Sold
-----------------------               ----------------------------

         United States                          275,000

         International                            2,000



NOTE B - ACCOUNTS RECEIVABLE


Accounts receivable consist of the following at January 31, 2005
(in thousands).

Accounts receivable - publishing           $ 268
Less: Allowance for doubtful accounts        (50)
                                           ------
   Total accounts receivable               $ 218
                                           ------


NOTE C - INVENTORIES

The Company values inventories at the lower of average cost (first-in,
first-out) or market.  Inventory at January 31, 2005 is primarily related
to Peerce's Plantation operations.


NOTE D - PREPAID PUBLISHING EXPENSES

Total prepaid expenses for Girls' Life, Inc. for the period ending January 31,
2005 was $282,000.  These expenses consist of prepaid expense of $2,000 for
real and personal property taxes and the balance of $280,000 was for prepaid
expenses for our February/March 2005 issue of Girls' Life magazine.  These
prepaid expenses consisted of $66,000 for postage, $115,000 for paper, $64,000
for printing and $35,000 other magazine expenses.  Certain expenses are paid
prior to the printing and shipping of each issue of the magazine.  Revenues
from the February/March 2005 issue of Girls' Life magazine will be recognized
in our fourth quarter ending April 30, 2005.


NOTE E - LIQUOR LICENSE

In June 2001, we purchased three adjoining parcels of real estate located
in Baltimore County, Maryland for $1.991 million in cash. The acquisition
included "Peerce's Plantation", a 350 seat fine dining restaurant, catering
facility and bar with liquor license, off premise sales, an adjoining 6,000
square-foot house and 14.74 acres with a horse stable zoned for residential
development.  The 1.991 million was broken down to establish a fair market
value for each segment of the purchase.  The fair market value of the liquor
license was established at $200,000.  There has been no amortization of the
liquor license from the date of the original purchase.


NOTE F - INCOME TAXES

The Company has only recorded tax benefits to the extent carryback claims
are available, and has not recorded any tax benefit associated with the future
realization of operating losses.


NOTE G - DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS OF ADAM LEAF AND BEAN

Effective August 19, 2004, "Adam Leaf and Bean" tobacco shop was closed.
All sales and costs associated with Adam Leaf & Bean have been reclassified
as Discontinued Operations for the three months and nine months ending
January 31, 2005 and 2004, respectively.

Net sales and gains (losses) from discontinued operations of "Adam Leaf
& Bean" tobacco shop are as follows (in thousands):

                                       Three Months Ended January 31,

                                             2005         2004
                                       ------------------------------

Net sales                              $        0    $     145

Income (loss)from discontinued operations
    operations                                  0            7



                                       Nine Months Ended January 31,

                                             2005         2004
                                       ------------------------------

Net sales                              $      107    $     452

Loss from discontinued operations            (103)         (22)

Loss on disposal of assets                    (56)           0



NOTE H - STOCK-BASED COMPENSATION ARRANGEMENTS

The company applies APB Opinion No. 25 and related interpretations in
accounting for stock-based compensation arrangements.  Accordingly, no
compensation expense has been recognized.  For disclosure purposes,
pro-forma results have been determined based on the fair value method
consistent with SFAS No. 123, "Accounting for Stock-Based Compensation"
and SFAS No. 148 "Accounting for Stock-Based Compensation - Transition
and Disclosure".  No stock-based employee compensation cost is reflected
in the consolidated statements of operations, as all options granted
under those plans had an exercise price at least equal to the market
value of the underlying common stock on the date of grant.  The following
table illustrates the effect on net loss and net loss per share if the
Company had applied the fair value recognition provisions of SFAS
No. 123 "Accounting for Stock-Based Compensation", to stock-based
employee compensation for the three months and nine months ended
January 31, 2005 and 2004.

                                             Three months Ended January 31,

                                                       2005      2004
---------------------------------------------------------------------------
(In thousands, except per share data)

Net loss, as reported                              $   (219)  $   (172)
Less pro forma stock-based employee compensation
  expense determined under fair value based
  method, net of related tax effects                     (1)        (1)
                                                   --------------------
Pro forma net loss                                 $   (220)   $  (173)

Net loss per share:

  Basic - as reported                              $  (0.14)   $ (0.11)
  Basic - pro forma                                $  (0.14)   $ (0.11)
  Diluted - as reported                            $  (0.14)   $ (0.11)
  Diluted - pro forma                              $  (0.14)   $ (0.11)



                                              Nine months Ended January 31,

                                                        2005       2004
--------------------------------------------------------------------------
            (In thousands, except per share data)

Net loss, as reported                              $   (699)   $  (650)
Less pro forma stock-based employee compensation
  expense determined under fair value based
  method, net of related tax effects                     (4)        (4)
                                                  --------------------
Pro forma net loss                                 $   (703)   $  (654)

Net loss per share:
  Basic - as reported                              $  (0.43)   $ (0.40)
  Basic - pro forma                                $  (0.43)   $ (0.40)
  Diluted - as reported                            $  (0.43)   $ (0.40)
  Diluted - pro forma                              $  (0.43)   $ (0.40)



NOTE I - SEGMENT INFORMATION
`
The Company currently operates in two industry segments. The Company's
primary operations during the three months and nine months ending January 31,
2005 and 2004 respectively, were the publication of "Girls' Life" magazine
in the publishing segment, Peerce's Plantation restaurant, bar and catering
facility and the discontinued operations of "Adam Leaf and Bean" tobacco
shop in the retail segment. All sales and costs for Adam Leaf and Bean have
been classified as Discontinued Operations for the three months and nine
months ending January 31, 2005 and 2004, respectively.


             Segment Information for the Quarter Ending January 31, 2005
             ------------------------------------------------------------
                                 (in thousands)

                                 Publishing  Restaurant  Other    Total

Revenues from external customers  $    849   $ 360      $   -  $  1,209
Intersegment revenues                    -       -          -         -
Interest Income                          -       -         14        14
Depreciation and amortization            3      27          7        37
Segment profit (loss) before tax        43    (113)      (149)     (219)
Expenditures for segment assets          1       0          1         2



            Segment Information for the Quarter Ending January 31, 2004
            ------------------------------------------------------------
                                (in thousands)

                                  Publishing  Restaurant Other     Total

Revenues from external customers  $     761   $   516   $    -   $ 1,277
Intersegment revenues                     -         -        -         -
Interest Income                           -         -       23        23
Depreciation and amortization             3        27       10        40
Segment profit (loss) before tax         49       (61)    (167)     (179)
Expenditures for segment assets           1        47        3        51



           Segment Information for the Nine Months Ending January 31, 2005
           ---------------------------------------------------------------
                                 (in thousands)

                                 Publishing  Restaurant  Other    Total

Revenues from external customers  $  2,979   $ 1,181     $  -  $  4,160
Intersegment revenues                    -         -        -         -
Interest Income                          -         -       46        46
Depreciation and amortization            9        82       17       108
Segment profit (loss) before tax       211      (304)    (447)     (540)
Expenditures for segment assets          1         0        1         2



          Segment Information for the Nine Months Ending January 31, 2004
          ---------------------------------------------------------------
                                (in thousands)

                                  Publishing  Restaurant  Other    Total


Revenues from external customers  $   2,780   $   695   $    -   $ 3,475
Intersegment revenues                     -         -        -         -
Interest Income                           -         -       72        72
Depreciation and amortization             9        34       37        80
Segment profit (loss) before tax        109      (267)    (470)     (628)
Expenditures for segment assets           2       542        6       550



ITEM 2.             MONARCH SERVICES, INC. AND SUBSIDIARIES

                    MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                 FINANCIAL CONDITION AND RESULTS OF OPERATIONS


For purposes of this discussion, references to fiscal 2005 are to the three
months and nine months ending January 31, 2005, and references to fiscal 2004
are to the three months and nine months ending January 31, 2004.


CERTAIN CAUTIONARY INFORMATION


In connection with the Private Securities Litigation Reform Act of 1995
(the "Litigation Reform Act"), we are hereby disclosing certain cautionary
information to be used in connection with written materials (including this
Report on Form 10-QSB) and oral statements made by or on behalf of our
employees and representatives that may contain forward-looking statements
within the meaning of the Litigation Reform Act.  Such statements consist
of any statement other than a recitation of historical fact and can be
identified by the use of forward-looking terminology such as may, expect,
will, anticipate, estimate or continue or the negative thereof or other
variations thereon or comparable terminology.  You are cautioned that all
forward-looking statements are necessarily speculative and there are numerous
risks and uncertainties that could cause actual events or results to differ
materially from those referred to in such forward-looking statements.  The
discussion contained in our Annual Report on Form 10-KSB for the fiscal year
ended April 30, 2004 and incorporated herein by reference highlights some of
the more important risks we have identified, but should not be assumed to
be the only factors that could affect future performance.  Included in these
risks are our history of losses, our fluctuations in operating results,
competition and other risks set forth herein and in our annual report on
Form 10-KSB for the fiscal year ended April 30, 2004 and in other reports
we have filed. You are cautioned that we do not have a policy of updating
or revising forward-looking statements and thus you should not assume that
our silence over time means that actual events are bearing out as estimated
in such forward-looking statements.


APPLICATION OF CRITICAL ACCOUNTING POLICIES

These consolidated financial statements are prepared in accordance with
accounting principles generally accepted in the United States of America.
Application of these principles requires management to make estimates,
assumptions, and judgments that affect the amounts reported in the financial
statements and accompanying notes.  These estimates, assumptions, and
judgments are based on information available as of the date of the financial
statements; accordingly, as this information changes, the financial statements
could reflect different estimates, assumptions, and judgments.  Certain
policies inherently have a greater reliance on the use of estimates,
assumptions, and judgments and as such have a greater possibility of producing
results that could be materially different than originally reported.

We believe the most critical accounting policies for Girls' Life sales relate
to revenue recognition associated with subscription sales, newsstand sales,
advertising and revenues for editorial services to third parties. We currently
recognize income on magazine subscriptions over the expected life of the
subscriptions and costs incurred to attract new subscribers are expensed as
incurred. We currently recognize income on newsstand sales based on estimates
furnished to us by our distribution agent which distributes Girls' Life
newsstand copies nationally and internationally.  We make adjustments quarterly
and annually to the actual revenues for newsstand sales based on cash payments
we actually receive, less fees and expenses deducted by our distribution agent.
Final adjustments with respect to an issue of Girls' Life are generally
completed within six months of the appearance of such issue on newsstands.
We recognize revenue for advertising in the quarter the advertising appears
in the issue or issues of the magazine.  Revenues from third parties are
recognized in the quarter that we provide the editorial services.

We believe the most critical accounting policies for Peerce's Plantation sales
relate to revenue recognition associated with restaurant sales, catering sales
and bar sales.  Income from restaurant sales, catering sales and bar sales are
recognized in the quarter that the sales occur.  Advance payments or deposits
on catering affairs are deferred until the quarter in which the catered affair
occurs.


RESULTS OF OPERATIONS

We have two operating subsidiaries. Girls' Life, Inc., publishes a magazine
and Peerce's Plantation operates a restaurant, bar and catering facility open
to the general public. Peerce's Plantation began doing business in the quarter
ended October 31, 2003.

The revenues of Girls' Life, Inc. are seasonal in nature.  Girls' Life
magazine is published six times per year.  Our typical publication schedule
usually results in the accrual of revenues for one issue in the first
and third quarters of the fiscal year and the accrual of revenues for
two issues in the second and fourth quarters of the fiscal year.  The
publication schedule is subject to revision without notice. There was one
issue of Girls' Life magazine in the first quarter of fiscal years 2005
and 2004.  There were two issues of Girls' Life magazine in the second quarter
of fiscal years 2005 and 2004. There was one issue of Girls' Life magazine in
the third quarter of fiscal years 2005 and 2004. Newsstand revenue and Cost of
Goods Sold for each issue of Girls' Life magazine sold on the newsstand is
estimated based on information furnished to us by our distribution agent which
distributes Girls' Life newsstand copies nationally and internationally.  We
make adjustments quarterly and annually to the actual revenues based on cash
payments we actually receive, less fees and expenses deducted by our
distribution agent. Final adjustments with respect to an issue of Girl's
Life are generally completed within six months of the appearance of such
issue on newsstands.

Girls' Life, Inc. has entered into a licensing agreement with Schroeder &
Tremayne, Inc., a designer, marketer and distributor of appearance related
consumer products.  Schroeder & Tremayne, Inc. started a pilot program for
the production of a line of beauty and bath products using the Girls'
Life name. The Girls' Life beauty and bath products are currently being
sold in Target stores nationwide. Our subsidiary, Girls' Life, Inc., will
receive licensing royalty income based on sales of the line. The beauty
and bath products were placed in the Target stores for sale in late
October 2004. During the quarter ending January 31, 2005, we received $23,000
in licensing royalty income.  An additional $2,000 was accrued for the
quarter ending January 31, 2005.  The total licensing royalty income
recognized in the quarter and nine months ending January 31, 2005 was
$25,000.

We believe that the revenues of Peerce's Plantation Restaurant, bar and
catering facility will be seasonal in nature. The experience of our
management team suggests that fine dining restaurants are particularly
popular during the November/December holiday season and are less popular
during the Winter months of January through March. Also, we expect our
catering department, a substantial portion of whose business consists of
weddings and holiday parties, also will be seasonal with above average
business in the November/December holiday season and during the Spring
and Summer wedding season and below average business in the Winter months
of January through March.  Because we have limited experience of
seasonality with respect to Peerce's Plantation restaurant, we can provide
no assurance that the business is seasonal or that if it is seasonal, its
seasonality will follow the trends described above.

During the second quarter of fiscal 2002, we purchased the assets of a
tobacco and coffee shop located in Baltimore County, Maryland.  This
business traded as "Adam Leaf and Bean" as a subsidiary of the Company.
Adam Leaf and Bean opened for business during the third quarter of fiscal
2002.  Despite some success in attracting the target market, Adam Leaf
and Bean was unable to generate significant or steadily increasing
revenues since its opening.  Without increasing revenues, we determined
that Adam Leaf and Bean was not viable.  As a result, we closed Adam Leaf
and Bean effective August 19, 2004.

There were no sales or costs associated with the closing of Adam Leaf and
Bean for the quarter ending January 31, 2005.  Sales of $145,000 and costs
of $138,000 have been classified as discontinued operations in the financial
statements for the prior year quarter ending January 31, 2004.

Sales of $107,000 and costs of $157,000 have been classified as discontinued
operations in the financial statements for the nine months ending January 31,
2005. Sales of $452,000 and costs of $474,000 have been classified as
discontinued operations in the financial statements for the prior year
nine months ending January 31, 2004.


RESULTS FOR THE THIRD QUARTER OF FISCAL YEAR 2005 AND 2004

Publishing sales of Girls' Life increased $88,000, or 12%, to $849,000
in the third quarter of fiscal 2005 compared to the third quarter of
fiscal 2004.  The net increase in sales relates primarily to increases in
advertising income and revenues from third parties for editorial services.
This increase was partially offset by decreases in subscription and newsstand
revenue.

Subscription revenue decreased by $33,000, or 10%, to $290,000 in the third
quarter of fiscal 2005 from the prior comparable period. The net decline in
subscription revenue is attributable to fewer subscriptions in the third
quarter of fiscal 2005 compared to the third quarter of fiscal 2004.  Fewer
subscriptions is a result of decreased direct mail efforts during fiscal 2004.
Direct mail includes cards sent to potential subscribers.

Newsstand revenue decreased by $21,000, or 17%, to $98,000 in the third
quarter of fiscal 2005 from the prior comparable period. The decrease in
newsstand revenue is attributed to normal fluctuations between issues of
Girls' Life magazine for the third quarters of fiscal 2005 and 2004.
Fluctuations are caused by differences in our estimated newsstand revenues
and the actual newsstand revenues that we receive for an issue of each
magazine.

Advertising revenue increased by $16,000, or 9%, to $196,000 in the third
quarter of fiscal 2005 from the prior comparable period. We believe the
increase in advertising revenue relates to an industry-wide increase in
the demand for advertising due to the current recovering economy in the
United States.

Revenue from editorial services to third parties increased by $123,000, or
110%, to $234,000 in the third quarter of fiscal 2005 from the prior comparable
period. Revenue from third parties fluctuates from quarter to quarter based on
their editorial needs.

Miscellaneous revenue increased by $1,000 in the third quarter of fiscal 2005
from the prior comparable period.  Miscellaneous revenue includes licensing
royalty income in the amount of $25,000 as a result of our licensing agreement
with Schroeder & Tremayne, Inc., a designer, marketer and distributor of
appearance related consumer products.  Schroeder & Tremayne, Inc. started a
pilot program for the production of a line of beauty and bath products using
the Girls' Life name. The Girls' Life beauty and bath products are currently
being sold in Target stores nationwide.

Sales for Peerce's Plantation restaurant, catering and bar, decreased $156,000,
or 30% to $361,000 in the third quarter of fiscal 2005 compared to the third
quarter of fiscal 2004.

Restaurant sales decreased $170,000, or 44% to $214,000 in the third quarter
of fiscal 2005 compared to the third quarter of fiscal 2004.  The decrease in
restaurant sales was partly due to inclemate weather causing additional
closures of the restaurant but primarily the decrease is due to lower guest
counts in the third quarter of fiscal 2005 compared to the third quarter of
fiscal 2004.

Catering sales increased $5,000 or 5% to $115,000 in the third quarter of
fiscal 2005 compared to the third quarter of fiscal 2004.  The increase in
catering sales was primarily the result of increased catering functions during
the third quarter of fiscal 2005 compared to the third quarter of fiscal 2004.

Bar sales increased $10,000 or 43% to $32,000 in the third quarter of fiscal
2005 compared to the third quarter of fiscal 2005.  The increase in bar sales
is due to higher guest counts for the bar during the third quarter of fiscal
2005 compared to the third quarter of fiscal 2004.

Management is currently reviewing various alternatives to increase the guest
count for the restaurant and sales for the catering operations and the bar.

Combined sales of the two operating subsidiaries was $1,209,000 in the
third quarter of fiscal 2005 compared to combined sales of $1,277,000
for the third quarter of fiscal 2004.

Total cost of goods sold, as a percent of total sales was 92% in the third
quarter of fiscal 2005 compared to 88% in the third quarter of fiscal 2004.

Cost of goods sold for publishing, as a percent of sales was 80% for both the
third quarter of fiscal 2005 and the third quarter of fiscal 2004. Although
publishing sales increased $88,000 in the third quarter of fiscal 2005 compared
to the third quarter of fiscal 2004, the sales increase was partially offset by
an increase in direct costs for labor and subcontracts in the amount of $27,000
and increases in indirect costs for shipping and delivery other other
miscellaneous costs in the amount of $39,000 and $6,000, respectively.

Cost of goods sold for Peerce's Plantation, as a percent of sales was 119% in
the third quarter of fiscal 2005 compared to 100% in the third quarter of
fiscal 2004. The percentage increase in cost of goods sold for the restaurant
and catering business was attributed primarily to lower sales which increased
the cost of goods sold as a percentage of sales for the third quarter of fiscal
2005. The high percentages for the third quarters of fiscal 2005 and fiscal
2004 were primarily due to labor costs to fully staff the restaurant and other
costs necessary in the restaurant operations which include utilities, taxes,
insurance, maintenance and depreciation.  The actual cost for labor and the
other costs necessary in the restaurant operations decreased by $87,000 as
a result of the $155,000 decrease in sales in the third quarter of fiscal
2005 compared to the third quarter of fiscal 2004. Due to the decreased sales,
inventory costs decreased $52,000, direct labor and fringe benefits decreased
$9,000 and the cost of supplies decreased $23,000 while other costs decreased
$3,000.

Selling, general and administrative expenses as a percentage of sales were 28%
for for both the third quarter of fiscal 2005 and the third quarter of fiscal
2004.

Selling, general and administrative expenses as a percentage of sales for
Girls' Life were 15% for the third quarter of fiscal 2005 compared to 14%
for the third quarter of fiscal 2004. Selling, general and administrative
expenses increased $21,000, or 20%.  Advertising and promotional expenses
increased $25,000 and real and personal property taxes and insurance expenses
increased $9,000.  The increases were offset by decreases in salaries and
commissions in the amount of $5,000, travel and entertainment in the amount
of $3,000 and other expenses in the amount of $5,000.

Selling, general and administrative expenses as a percentage of sales for
Peerce's Plantation were 12% for both the third quarter of fiscal 2005 and
the third quarter of fiscal 2004. Selling, general and administrative expenses
decreased $17,000, or 27% during the third quarter of fiscal 2005 compared
to the third quarter of fiscal 2004.  Advertising and promotional expenses
decreased $9,000, taxes and insurance decreased $3,000, automobile expenses
decreased by $2,000 and other expenses decreased $5,000.  The decreases
were partially offset by an increase in salaries in the amount of $2,000.

Selling, general and administrative expenses for corporate overhead decreased
by approximate $26,000, or 14% during the third quarter of fiscal 2005.  Due
to additional overhead costs being allocated to the publishing and restaurant
business, salary costs decreased $14,000, taxes and insurance costs decreased
$9,000, maintenance costs decreased $7,000 and other expenses decreased $8,000.
The decreased costs were partially offset by an increase of $12,000 for outside
services for legal and accounting fees.

All sales and costs for Adam Leaf and Bean have been classified as discontinued
operations for the quarters ending January 31, 2005 and 2004, respectively.
Adam Leaf and Bean was closed effective August 19, 2004.

Other income decreased $9,000 in the three months of fiscal 2005 compared
to the three months of fiscal 2004.  The decrease was primarily due to the
decrease in interest income due to a lower interest rate environment and
decreased cash balances.


RESULTS FOR THE FIRST NINE MONTHS OF FISCAL YEAR 2005 AND 2004

Publishing sales of Girls' Life increased $199,000, or 7%, to $2,979,000 in
the first nine months of fiscal 2005 compared to the first nine months of
fiscal 2004. The net increase in sales relates primarily to an increase in
advertising income and increases in revenues from third parties for editorial
services.  The revenue increases were partially offset by decreases in
subscription and newsstand revenue.

Subscription revenue decreased by $67,000, or 5%, to $1,216,000 in the third
quarter of fiscal 2005 from the prior comparable period. The net decline in
subscription revenue is attributable to fewer subscriptions in the nine months
of fiscal 2005 compared to the nine months of fiscal 2004.  Fewer subscriptions
is a result of decreased direct mail efforts during fiscal 2004. Direct mail
includes cards sent to potential subscribers.

Newsstand revenue decreased by $54,000, or 12%, to $400,000 in the first
nine months of fiscal 2005 from the prior comparable period. The decrease in
newsstand revenue is attributed to normal fluctuations between the issues
of Girls' Life magazine for the nine months of fiscal 2005 and 2004.
Fluctuations are caused by differences in our estimated newsstand revenues
and the actual newsstand revenues that we receive for an issue of each
magazine.

Advertising revenue increased by $102,000, or 16%, to $740,000 in the first
nine months of fiscal 2005 from the prior comparable period. We believe the
increase in advertising revenue relates to an industry-wide increase in
the demand for advertising due to the current recovering economy in the
United States.

Revenue from editorial services to third parties increased by $189,000, or
56%, to $526,000 in the nine months of fiscal 2005 compared to the nine
months of fiscal 2004. Revenue from third parties fluctuates from quarter to
quarter based on their editorial needs.

Miscellaneous revenue had a net increase of $22,000 in the nine months of
fiscal 2005 compared to the nine months of fiscal 2004. Miscellaneous revenue
includes licensing royalty income in the amount of $25,000 as a result of our
licensing agreement with Schroeder & Tremayne, Inc., a designer, marketer and
distributor of appearance related consumer products.  Schroeder & Tremayne, Inc.
started a pilot program for the production of a line of beauty and bath products
using the Girls' Life name. The Girls' Life beauty and bath products are
currently being sold in Target stores nationwide.  Other miscellaneous revenue
accounts had a net decrease of $3,000.

Sales for Peerce's Plantation restaurant, catering and bar, increased
$486,000, or 70% to $1,181,000 in the first nine months of fiscal 2005 from the
prior comparable period.  This increase in sales was primarily because Peerce's
Plantation restaurant, bar and catering facility was open for business the
entire first nine months of fiscal 2005 but did not open for business until
September 26, 2003, in the first nine months of fiscal 2004.

Restaurant sales increased $213,000, or 41%, to $725,000 in the first nine
months of fiscal 2005 compared to the first nine months of fiscal 2004.
This increase in sales was primarily because Peerce's Plantation restaurant
did not open for business until September 26, 2003, in the first nine months of
fiscal 2004.

Catering sales increased $195,000, or 121%, to $357,000 in the first nine
months of fiscal 2005 compared to the first nine months of fiscal 2004.
This increase in sales was primarily because Peerce's Plantation catering
facilities was open for business the entire first nine months of fiscal 2005
but did not open for business until September 26, 2003, in the first nine
months of fiscal 2004.

Bar sales increased $78,000, or 352%, to $100,000 in the first nine months
of fiscal 2005 compared to the first nine months of fiscal 2004.  This
increase in sales was primarily because Peerce's Plantation restaurant
did not open for business until September 26, 2003, in the first nine
months of fiscal 2004.

Combined sales of the two operating subsidiaries was $4,160,000 in the first
nine months fiscal 2005 compared to combined sales of $3,475,000 for the nine
months of fiscal 2004.

Total cost of goods sold, as a percent of total sales was 88% in the first
nine months of fiscal 2005 compared to 87% in the first nine months of fiscal
2004.

Cost of goods sold for publishing, as a percent of sales was 77% in the first
nine months of fiscal 2005 compared to 81% in the first nine months of fiscal
2004. The percentage decrease in the cost of goods sold for publishing was
primarily attributable to the net effect of increased sales of $198,000
partially offset by a net increase of various costs in cost of goods sold
in the amount of $40,000.  Direct costs increased $16,000, which included a
increase in labor costs of $29,000 due to additional employees and a decrease
of $13,000 in subcontract costs due to less editorial services for the nine
months. Indirect costs increased $24,000, which included increases in shipping
and handling of $13,000 due to higher mailing costs in fiscal 2005 compared to
fiscal 2004, an increase in taxes and insurance of $6,000 due to cost increases
in both taxes and insurance, an increase in maintenance of $3,000 and increases
in other miscellaneous indirect costs of $2,000.

Cost of goods sold for Peerce's Plantation, as a percent of sales was 114%
in the first nine months of fiscal 2005 compared to 112% in the first nine
months of fiscal 2004. The percentage increase in cost of goods sold for the
restaurant and catering business was attributed primarily to increased sales
which reduced the cost of goods sold percentage for the second quarter of
fiscal 2005 even though cost of goods sold increased $568,000, or 73% in
the first nine months of fiscal 2005 compared to the first nine months of
fiscal 2004. The high percentages for the first nine months of fiscal 2005
and fiscal 2004 were primarily due to labor costs to fully staff the
restaurant and increases in other costs necessary in the restaurant operations
which include utilities, taxes, insurance, maintenance and depreciation.  Due
to the increased sales, inventory costs increased $171,000, direct labor and
fringe benefits increased $301,000.  Due to the restaurant being open the full
nine months of fiscal 2005 compared to the prior compatible period, utilities,
taxes & insurance costs increased $49,000, maintenance & depreciation increased
$52,000 and supplies and other expenses decreased $5,000.

Selling, general and administrative expenses as a percentage of sales were
26% for the first nine months of fiscal 2005 compared to 33% in the prior
comparable period.

Selling, general and administrative expenses as a percentage of sales for
Girls' Life were 16% for the nine months of fiscal 2005 compared to 15% for
the nine months of fiscal 2004. Selling, general and administrative expenses
increased $56,000 in the first nine months of fiscal 2005 compared to the
first nine months of fiscal 2004.  Due to additional promotional efforts,
advertising and promotional costs increased $38,000 and travel & entertainment
expenses increased by $13,000.  Due to price increases, utilities, taxes and
insurance costs increased $13,000.  Salaries and commissions decreased $7,000
and other miscellaneous costs decreased $1,000.

Selling, general and administrative expenses as a percentage of sales for
Peerce's Plantation were 12% for the first nine months of fiscal 2005 compared
to 27% for the first nine months of fiscal 2004. Selling, general and
administrative expenses decreased $46,000 in the first nine months of fiscal
2005 compared to the first nine months of fiscal 2004. Advertising and
promotional expenses decreased by $11,000 due to less advertising and
promotions.  Salaries decreased by $22,000 due to less labor. Taxes and
insurance decreased $6,000 due to a partial reclassification of cost to
corporate overhead and other miscellaneous costs decreased $7,000 due to
reduced services.

Selling, general and administrative expenses for corporate overhead decreased
by approximately $47,000 in the first nine months of fiscal 2005 compared to
the first nine months of fiscal 2005.  Due to additional overhead costs being
allocated to the publishing and restaurant business, salary costs decreased
$15,000, taxes & insurance costs decreased $32,000 and maintenance costs
decreased $16,000.  Other miscellaneous corporate costs had a net decrease
in cost in the amount of $13,000.  Outside services cost increased $29,000
due to the additional need for accounting and legal services.

All sales and costs for Adam Leaf and Bean have been classified as discontinued
operations for the nine months ending January 31, 2005 and 2004, respectively.
Adam Leaf and Bean was closed effective August 19, 2004.

Other income decreased $27,000 in the nine months of fiscal 2005 compared
to the nine months of fiscal 2004.  The decrease was primarily due to the
decrease in interest income due to a lower interest rate environment and
decreased cash balances.


LIQUIDITY AND CAPITAL RESOURCES

At January 31, 2005, the Company has cash and cash equivalents of approximately
$201,000, an increase of $46,000 from the amount at April 30, 2004. The
increase resulted primarily from the redemption of certificates of deposit.
The Company's cash and cash equivalents are subject to variation based upon
the timing of receipts and the payment of payables.

At January 31, 2005, the Company has $1,216,000 in certificates of deposit with
a stated maturity date of November 26, 2006. To date, the Company has had
immediate access to these funds without incurring a penalty or a reduction
in the interest rate.

At January 31, 2005, the Company has no debt with third party lenders.



ITEM 3.  CONTROLS AND PROCEDURES


Evaluation of Disclosure Controls and Procedures

We conducted an evaluation of the effectiveness of the design and operation of
our disclosure controls and procedures as of the end of the period covered by
this Form 10-Q.  The disclosure controls and procedures evaluation was
conducted under the supervision and with the participation of management,
including our CEO and CFO.  Disclosure controls and procedures are controls
and procedures that are designed to ensure that information required to be
disclosed in our reports filed under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the SEC's rules
and forms.  Disclosure controls and procedures are also designed to ensure that
such information required to be disclosed in our reports filed under the
Exchange Act is accumulated and communicated to our management, including the
CEO and CFO, as appropriate to allow timely decisions regarding required
disclosure.

The evaluation of our disclosure controls and procedures included a review of
the controls' objectives and design, our implementation of the controls and
the effect of the controls on the information generated for us in this Form
10-Q.  This type of evaluation is performed on a quarterly basis so that the
conclusions of management, including the CEO and CFO, concerning the
effectiveness of the disclosure controls and procedures can be reported in
our periodic reports on Form 10-Q and Form 10-K.  The overall goals of our
evaluation activities are to monitor our disclosure controls and procedures,
and to modify them as necessary.  Our intent is to maintain our disclosure
controls and procedures as dynamic systems that change as conditions warrant.

Based upon the controls evaluation, our CEO and CFO have concluded that, as
Of the end of the period covered by this Form 10-Q, our disclosure controls
and procedures were effective to ensure that information required to be
disclosed in our reports filed under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the SEC's rules
and forms and that information required to be disclosed in our reports filed
under the Exchange Act is accumulated and communicated to our management,
including the CEO and CFO, as appropriate to allow timely decisions regarding
required disclosure.


Improvements in Internal Contols

Under the supervision and with the participation of our CEO and CFO, our
management has evaluated changes in our internal controls over financial
reporting that occurred during our last fiscal quarter.  Based on that
evaluation, our CEO and CFO did not identify any change in our internal
controls over financial reporting that has materially, affected, or is
reasonably likely to materially affect, our internal controls over
financial reporting.




PART II. OTHER INFORMATION


ITEMS 1 THROUGH 5
   NONE / NOT APPLICABLE



ITEM 6.  EXHIBITS

(a)          Exhibits

             Number       Description
             ------       -----------

             31.1         CEO Certification under Rule 13a-14(a)/15d-14(a)
             31.2         CFO Certification under Rule 13a-14(a)/15d-14(a)
             32.1         CEO Certification of SEC compliance
             32.2         CFO Certification of SEC compliance


(b)          Reports on Form 8-K

             No reports have been filed on Form 8-K during this
             quarter.


In accordance with the Securities Exchange Act of 1934, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

                                   MONARCH SERVICES, INC.


Date   March 17, 2005              By:  /s/  Jackson Y. Dott
       --------------              -------------------------------
                                   Chief Executive Officer



Date   March 17, 2005              /s/    Marshall Chadwell
       --------------              -------------------------------
                                   Marshall Chadwell, Controller
                                   Chief Financial Officer
                                   (Principal Accounting and
                                        Financial Officer)